This report summarises the main conclusions from the TPA’s assessment of evidence for global oil depletion. The subject of this assessment was chosen after consultation with energy sector stakeholders and upon the recommendation of the TPA Advisory Group, which is comprised of independent experts from government, academia and the private sector. The assessment addresses the following question:What evidence is there to support the proposition that the global supply of
‘conventional oil’ will be constrained by physical depletion before 2030?